Thursday, 3 September 2015
Last updated 11 hours ago
Jul 3 2008 | 12:16pm ET
Highbridge Capital Management is the latest hedge fund to try to take advantage of distressed bank debt with plans for a $1 billion fund.
The JPMorgan Chase unit began marketing Highbridge Leveraged Loan Partners last week, the New York Post reports. The fund will buy distressed paper originating over the past year-and-a-half that banks are seeking to get off their balance sheets amid the credit crisis.
The new fund will reportedly impose a three-year lockup period.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…